Finance Minister Slavko Linic on Friday ruled out a possibility for Croatia to resort to a stand-by arrangement with the International Monetary Fund at this moment.
Asked by reporters at his news briefing in Zagreb whether Croatia would need a stand-by deal with the IMF, the minister said that the IMF remained as an option in the event of the deterioration of the country's credit rating.
"At this moment the government's measures indicate no need for the IMF assistance, we have opened the negotiations with trade unions, a policy of state grants has been altered, public companies are to be restructured. The Cabinet of (Prime Minister) Zoran Milanovic has shown its readiness to change its country on its own and that it can do it without the IMF," Linic said.
